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20130106
20130114
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a bunch of democrats saying we don't want any spending cuts, entitlement cuts, nothing. just pass the debt ceiling. no spending. >> do whatever it takes. apparently the hurdle is some legality. not whether it's a good idea, not whether it calls into question the independence of the central bank, the independence of whether the treasury will now have the new power to print money whatever it has. as long as it's legal. let me tell you. of all these options, the magic coin option, the 14th amendment may be the worst option. it will be challenged in court. the court moves forward. you end up with two classes of u.s. debt, one which people have a lot of confidence in, then this different class of debt which was created under this who knows what new legal authority that they found. >> this is the point. let me go right. the i.o.u. this is interesting. edward klinebard, former chief of staff at the congressional joint committee on taxation is now teaching law at the university of southern california. now, he says that congress has constitutional authority to raise the debt and only the congress.
was to the left of tim geithner. he is there to execute the obama tax hike don't reform entitlements policy. >> that is a greaeat point. >> he is there to stabilize the debt. >> this is not a centerist appointment. th mr. geithner, i believe he was a centerist. >> why is he a financial market guy? >> he grew up as a banker. what about larry fink, he is a democrat and well respected by everyone. >> i have a list here. >> jamie diamond. ken chenault. >> you need someone who understands the fiscal books at a time like this. >> we disagree. we don't need someone who understands the books, we need someone who understands where we should go and where those books should take us. and i don't think he does. i don't think they understand fiscal policy better than jack lou. he got you guys a surplus back in the 90s. >> all established people in financial markets all distinguished people who command the respect of not only around here in the new york area but the whole g-20. this is going to be a bad mistake. it may be the haegle of the justice department. >> i'm not sure why you are discounting the fa
. i don't have any problem, larry, like you, with either one of these provisions. i'm a second amendment supporter and i don't think these go to that level. but at the same token, what happened to mental health? what happened to access to weapons? neither one of these would've blocked the shooting in newtown. >> i don't mean to be rude, but i've got breaking news i've got to pick up. please hang with me. phil lebeau's got breaking news ton the 787 boeing dream liner. phil, if you're out there, tell me what you've got, my friend. >> larry, we have learned that the faa is going to be conducting a special review of the power system in the 787 dream liner. essentially this is the faa saying let's take a pause here and take a look at the design, the manufacturing, how the power system works on the dream liner. let me be clear here, this is a special review. this is not an airworthiness directive. it would be a much more serious matter. and it might involve airlines being told stand down, don't fly this plane. that is not what is happening. airlines that have the dream liner will con
andrew cuomo? >> i'm not against gun control. i don't see civilian use for those big guns and all that. but to think that solves the problem is crazy. can't trust any politician who just proposes gun laws and goes back to sleep. the fact that a deranged person, like the one in newtown, connecticut, could still enter the school with a couple of handguns or a knife or axe. if we're not going to talk about mental health, we're not talking about the problem. >> i want to talk about mental health. i don't know if this kid could've been stopped but he was obviously mentally ill, should have been institutionalized, and i think, mark, i'm going to guess, cuomo mentioned this specifically, i hope the federal legislation deals with this too. it's got to be easier for national documentation for people with mental illness problems and for what i'll call reinstitutionalizing them. they've been out on the street for years and need to go back into the institutions, mark simone, that should be part of the change. >> absolutely, we've cut the number of institutions, the funding, all that sort of stuff
in 2001. i think the real problem here is that the message to iran is you don't have to make any deals, you don't have to make any compromises because there won't be any military pressure. the president used a lot of tough language during the campaign. i'm not for containment. he said i'm for prevention. all options are on the table. but hagel has said that a military option is not viable. never mind not wise, not viable. so i think this completely undercuts any notion that iran is under pressure. it oddly enough makes it probably more likely that there will in the end be a failure of negotiations and a military attack. but he doesn't seem to support the president's policy, at least in all the speeches hagel has made, he has been very soft on iran. >> all right. we'll leave it there. former secretary of state national security council eliot abrams, thank you very much. >>> all right. now to react to ambassador abrams, let's bring in our distinguished panel tonight. we welcome back general wesly clark and a former presidential candidate, cnbc contributor tony fratto, former bush 42 whit
Search Results 0 to 4 of about 5